China may be the ‘world’s factory,’ but Indian companies, led by software giants TCS and Infosys, continue to outshine and dominate the annual ranking of big-cap, profitable companies in Asia.
Four of India’s IT outsourcing companies made the cut including the biggest, Tata Consultancy Services (TCS) that writes software for leading American firms. Its revenues leapt 45 per cent in the last year and its market capitalisation has doubled since listing three years ago to cross the $27 billion mark, the release said.
Tata earns nearly all of its revenues overseas but will move some of its work back to India, it said.
The 12 Indian companies on the Forbes Asia ‘Fabulous 50′ list are: Bharat Heavy Electricals, Bharti Airtel, Grasim Industries, HDFC Bank, ICICI Bank, Infosys Technologies, Larsen & Toubro, Reliance Industries, Satyam Computer Services, Tata Consultancy S ervices, Tata Steel and Wipro.
